Hamburg, May 23, 2019 - The nationwide project developer Becken is launching a mezzanine debt fund for institutional investors and family offices via its investment company BECKEN Invest GmbH. The "REPE Funds" is organized under Luxembourg law and invests in Becken's office and residential project developments in the metropolitan areas of Hamburg, Berlin, Munich, Düsseldorf and the Frankfurt am Main metropolitan region. Investments are made in the form of "preferred equity". The first sub-fund will initially co-finance a project volume of around EUR 300 million in three project developments.

The targeted total return for fund investors is over 12.0 percent IRR p.a. HANSAINVEST LUX S.A. acts as the service KVG. hsp Investment Advisory handles the interfaces between Becken and HANSAINVEST and provides individual advice to investors. The advisory company was founded specifically for this purpose outside the Becken Group and is geared towards Luxembourg requirements.

Prof. Dr. Michael Becken, Managing Director of BECKEN Invest and hsp Investment Advisory GmbH, explains: "With the 'REPE Funds', we enable institutional investors to participate in the value creation of real estate projects from Becken. Many institutional investors are looking for comparable additions to their portfolios. With the new fund, we can meet these needs within the framework of a regulated structure."

Dieter Becken, Managing Partner of Becken Holding GmbH, explains the advantages of the fund vehicle. "The new Luxembourg fund enables us to channel preferred equity into our projects. Together with our equity capital, this will enable us to handle an even larger project volume and thus successively expand our project development business in Germany."

A total of three to five projects with a volume of between EUR 300 million and EUR 500 million are to be co-financed each year via this fund structure. In addition to the project developments of the first sub-fund, one office development each in Hamburg and Wiesbaden and one residential development in Hamburg, further developments with a volume of just under EUR 500 million are available.